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Enerplus exceeds operating & financial targets for 2013


Published Feb 24, 2014
Enerplus Corporation-2

Enerplus Corporation is pleased to announce fourth quarter 2013 results as well as 2013 year-end operating and financial results.

2013 KEY TAKEAWAYS:

◾ Funds flow per share grew by 14% ◾ Production grew by 9%, exceeding guidance in spite of non-core asset sales ◾ Proved plus probable reserves were up 17% year-over-year, replacing 284% of 2013 production ◾ Capital spending, operating costs and general and administrative costs were all reduced ◾ Debt to funds flow ratio at year-end improved to 1.4x

Tags: Enerplus Corporation




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